The new agreements build on deals the two countries signed last year covering cross‑border electricity trade, carbon capture and storage, and the creation of a joint sustainable industrial zone.
As airlines face surging compliance costs under the UN‑backed Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), the bloc’s carbon credit opportunity hinges on strengthening Article 6 rules and institutional capacity, a report from aviation and climate finance stakeholders found.
The government proposes funding for building efficiency, sustainable transport, industrial transition and climate technology as businesses seek longer-term financing for major projects.
Vietnam's rules say that revenue from forest-based carbon credits will be prioritised for forest protection and development, as well as community livelihoods. Indonesia has introduced a nesting framework to avoid double counting.